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Crisil
acquires London-based gas advisory firm
Mumbai: Crisil on Wednesday announced its first
major international foray with the acquisition of a London-based
gas advisory and information company, EconoMatters Ltd,
and its subsidiaries for a sum of Rs 15 crore.
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Indian
Hotels board approves proposal for long-term funds
Mumbai: The board of directors of Indian Hotels
Company Ltd on Wednesday approved a proposal to raise
long-term funds up to $ 150 million.
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Hindustan
Zinc raises prices
New Delhi: Hindustan Zinc Limited has revised its
prices upward by Rs 3.30 and Rs 3 per kg for zinc and
lead products respectively from December 16, 2003, trade
sources said.
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Essar
vessel caught in storm, abandoned
Visakapatnam: A merchant vessel of Essar Shipping
Company, m.v. Nand Kawas, was caught in the severe cyclonic
storm in the Bay of Bengal off the Visakhaptnam coast
and the Coast Guard rescued 13 crew members aboard the
stricken vessel on Tuesday morning.
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Natco
Pharma launches two more anti-cancer drugs
Hyderabad: Natco Pharma Ltd (NPL), a city-based
pharmaceutical company, has announced the launch of two
more anti-cancer drugs - Natfost (amifostine injection)
and Hyurea (hydroxyurea capsules).
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Thermax
invests $2 m in Brazil subsidiary
Pune: Thermax Ltd on Wednesday informed the BSE
and the NSE that the company had incorporated and invested
$2 million in a wholly-owned overseas subsidiary in Brazil.
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Coke
to form council on environment
New Delhi: The Indian Advisory Board of Coca-Cola
India has decided at its first meeting here on Tuesday
to form an India Environment Council.
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BHEL
bags Rs 2,700-crore NTPC contracts
New Delhi: Bharat Heavy Electricals Ltd has secured
major contracts cumulatively worth over Rs 2,700 crore
from National Thermal Power Corporation (NTPC) for setting
up three projects with a combined power generating capacity
of 1710 MW.
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European
nod for Orchid Chemical's drug
Chennai: Orchid Chemicals & Pharmaceuticals
on Wednesday announced that the European drug regulator
has approved the manufacturing facility for one of its
bulk drugs, Cefixime.
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Gabriel
group buys bonsai producer
Bangalore: An American start-up private equity
company has announced the acquisition of a local company
producing bonsai plants, as part of its plans to set apart
$20 million to take equity in small and medium companies
in the old economy sector.
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Welspun
to double terry towel capacity
Mumbai: Welspun India Ltd is looking to double
its terry towel capacity to 20,000 tonnes and is scouting
around for a location in Vapi, Gujarat, to set up facilities.
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No
backlash from BPO customers: Wipro
Bangalore: In its first response to yesterday's
news of losing an outsourcing contract of Lehman brothers,
tech major Wipro says the business lost is a very small
part of the total work done for Lehman brothers.
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Kochi
Refineries to hike capacity to 10 mt by 2005
Kochi: Kochi Refineries Ltd has embarked upon a
refinery modernisation and expansion programme, which
will eventually increase the refining capacity to 10 million
tonnes per annum and ensure that its fuel products conform
to the BS II norms by 2005.
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Hindustan
Sanitaryware to market Finnish company products
Mumbai: Hindustan Sanitaryware has entered into
a strategic alliance with the $1.5-billion Sanitec Group
of Finland. Under the agreement, Hindustan Sanitaryware
would exclusively market premium product of Sanitec's
Keramag brand.
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J&N
files reference for revival under
SICA
Kolkata: Jenson & Nicholson (I) Ltd proffered
a reference for revival under Section 15(A) of the Sick
Industrial Companies (Special Provision) Act, 1985 with
the Board for Industrial and Financial Reconstruction.
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iGATE
inks $20-m deal with ING Vysya
Bangalore: Software maker, iGATE Global Solutions,
has signed a $20-million IT outsourcing contract with
ING Vysya Bank, spread over five years.
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Analog
Devices develops new SHARC processors
Bangalore: Analog Devices announced the third generation
of SHARC processors developed in its India Development
Centre.
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HCL
Comnet planning to beef up Chennai presence
Chennai: HCL Comnet, a wholly owned subsidiary
of HCL Technologies, is negotiating with the Tamil Nadu
Government for space in or Chennai to expand and consolidate
its remote infrastructure management operations in the
city.
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WebEx
to buy Cyberbazaar
Bangalore: Cyberbazaar, a conferencing company,
said on Wednesday that it had signed a definitive agreement
to be acquired by WebEx Communications Inc, a leading
provider of Web communication services.
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